financetom
Business
financetom
/
Business
/
Market Chatter: Micron Technology's $100 Billion New York Chip Plant Gets Key Power Line
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Micron Technology's $100 Billion New York Chip Plant Gets Key Power Line
Oct 17, 2025 5:25 AM

07:52 AM EDT, 10/17/2025 (MT Newswires) -- Micron Technology's ( MU ) planned $100 billion semiconductor megafab in Onondaga County will be linked to a power substation, with the approval by New York state regulators of a new underground transmission line, Reuters reported Friday, citing Governor Kathy Hochul.

The report said the two-mile, 345-kilovolt line will connect the existing Clay substation to Micron's proposed facility, providing essential power for the project.

The New York State Public Service Commission also approved the environmental and construction plans for the first phase of the project, including the expansion of the Clay substation and installation of equipment to connect it to the Micron site, according to the report.

The megafab is expected to generate over 50,000 jobs in the next 20 years, including 9,000 direct positions at Micron, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Berry Global Group Unit Starts Tender Offer for Certain Notes, Plans to Issue New Series of Notes
Berry Global Group Unit Starts Tender Offer for Certain Notes, Plans to Issue New Series of Notes
May 13, 2024
10:18 AM EDT, 05/13/2024 (MT Newswires) -- Berry Global Group ( BERY ) said Monday its Berry Global Inc. unit started an offer to purchase for cash up to $500 million of its outstanding 4.875% first priority senior secured notes due 2026. The tender offer is set to expire on June 11, the company said. The company also said Monday...
American Water Works' Pennsylvania American Water to Rehabilitate 10 Storage Tanks, Construct Four New Tanks
American Water Works' Pennsylvania American Water to Rehabilitate 10 Storage Tanks, Construct Four New Tanks
May 13, 2024
10:17 AM EDT, 05/13/2024 (MT Newswires) -- American Water Works ( AWK ) unit Pennsylvania American Water said Monday it intends to rehabilitate 10 water storage tanks and construct four new tanks this year. The company expects the cost of its 2024 water storage upgrades to be about $28.3 million. Price: 134.86, Change: +0.13, Percent Change: +0.10 ...
France secures jobs, investments from Amazon, Pfizer and Morgan Stanley
France secures jobs, investments from Amazon, Pfizer and Morgan Stanley
May 13, 2024
PARIS (Reuters) -France secured on Sunday new jobs and investments with Internet giant Amazon, healthcare company Pfizer and Wall Street bank Morgan Stanley, as the country prepared to host a key foreign investment summit. President Emmanuel Macron kicks off the annual 'Choose France' event, aimed at winning big business from overseas, on Monday. The 2023 edition raised 13 billion euros...
GoPro Expands Retail Business at Best Buy
GoPro Expands Retail Business at Best Buy
May 13, 2024
10:18 AM EDT, 05/13/2024 (MT Newswires) -- GoPro ( GPRO ) said Monday it has expanded its retail business at Best Buy (BBY) to deliver expanded product displays and assisted sales program to customers. GoPro ( GPRO ) said its cameras and accessories will be displayed in nearly 900 Best Buy stores across North America, including in over 250 specialty...
Copyright 2023-2026 - www.financetom.com All Rights Reserved